The bank said profits rose to £5.5
billion in 2014, up from £4.9 billion
the year prior. But, as
BI's Lianna Brinded reported, that number doesn't include
"one-off" litigation and charges, which bring profits down 21
percent to £2.26 billion ($3.5 billion).

Barclays has faced a number of legal scandals over the last few
years: first, the Libor Scandal, for which various regulators
fined the bank a combined $450 million in June 2012; now, the
currency manipulation scandal, in which US and British
authorities allege that forex traders rigged currency benchmarks.
The bank has already set aside £1.25 billion ($1.9 billion) to
settle that investigation.

The bank also missold insurance products to British customers and
will spend £200 million ($307 million) compensating
them – and it could be involved in a
new DOJ investigation into alleged
precious metals market rigging.

In light of these incidents, and the hefty toll they've taken on
the bank's finances, Jenkins skipped his bonuses the past two
years. But this year, he told a BBC radio
program, he felt it was deserved.

Meanwhile, the bank laid off about 7,300 people last year (by
2016, the investment banking division will be down 7,000
employees, the Times reported). And bonuses were actually
cut for employees across the board. About £1.9 billion ($2.9 billion) went to 273 people,
down from £2.4 billion ($3.7 billion)
awarded to 363 people last year, Bloomberg reported.

Jenkin's £1.1 million ($1.7 million)
bonus brought his total compensation up to £5.5 million ($8.5 million) for the year. You go,
Jenkins.